Long-run effect of democracy&      60.516   &      68.567   &      88.745   &     -17.744   \\
            &    (36.212)   &    (35.853)   &    (31.114)   &   (181.082)   \\
Effect of democracy after 25 years&      30.234   &      34.804   &      34.545   &      -8.654   \\
            &    (18.451)   &    (18.554)   &    (13.641)   &    (88.524)   \\
Persistence of GDP process&       0.990   &       0.989   &       0.992   &       0.990   \\
            &     (0.001)   &     (0.001)   &     (0.001)   &     (0.001)   \\
